How to Get Your South Carolina Student Loan Out of Default

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South Carolina Student Loans are given by a non-profit lender endorsed by the state of South Carolina. Loans are based on your credit history. When you've missed payments and your South Carolina Student Loan is in default, make arrangements to get the loan out of default as soon as you can. A defaulted loan is a negative on your credit history and may make it difficult for you to get other loans. South Carolina Student Loans offers the Palmetto Assistance Loan for students who need additional aid and the South Carolina Teachers Loan for future educators.

Call (800) 729-4338 Monday through Friday, between 8 a.m. and 9 p.m. Select option "8."

Explain that you want to get your student loan out of default.

Discuss the payments you're able to make with the representative. There is a $50 minimum per month. Loans may be repaid based on your income.

Make the first payment. Continue making satisfactory payments.

Tips & Warnings

  • Include your defaulted South Carolina Student Loan in a consolidation if you choose to consolidate your loans. It will get your loan out of default.
  • Defaulted loans can affect your ability to get future loans or return to school and may lead to a garnishment on your wages.

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